HR Outsourcing Market – 56% of Growth Will Come from North America | Evolving Opportunities with Accenture Plc & Adecco Group AG

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NEW YORK, April 13, 2022 /PRNewswire/ — The size of the human resources outsourcing market is expected to increase by $10.90 billion from 2021 to 2026. However, the growth momentum will slow to a CAGR of 4.87% according to Technavio’s latest market report. 56% of market growth will come from North America during the forecast period. United States and Canada are the key markets for the human resource outsourcing market in North America. Market growth in this region will be slower than market growth in APAC and South America. The integration of cloud-based services and social media in the recruitment process will facilitate the growth of the human resource outsourcing market in North America over the forecast period.

Attractive Opportunities in Human Resource Outsourcing Market by Service and Geography – Forecast and Analysis 2022-2026

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Read the 120-page report with TOC on “Human Resource Outsourcing Market Analysis Report by Department (PO, BAO, MPHRO, RPO, and LSO) and Geography (North America, EuropeACPA, South Americaand the Middle East and Africa), and Segment Forecast, 2022-2026″. Gain competitive insights on market leaders. Track key industry opportunities, trends, and threats. Insights on marketing, brand, strategy, and market development, sales and supply functions. https://www.technavio.com/report/report/human-resource-outsourcing-market-industry-analysis

Human Resource Outsourcing Market – Drivers, Trends and Challenges

The HR outsourcing market is driven by the digitalization of HR outsourcing. Furthermore, the increase in the adoption of recruitment analytics is expected to drive the growth of the human resource outsourcing market. However, factors such as increased reliance on outsourcing agencies may hamper the growth of the market. Holistic analysis of drivers, trends, and challenges will help infer end goals and refine marketing strategies to gain competitive advantage.

Some of the major players in HR outsourcing:

The HR outsourcing market is fragmented and sellers are deploying growth strategies such as technological innovations and acquisitions to compete in the market. The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Accenture SA – The company offers HR outsourcing which provides a new HR outsourcing solution that enables mid-size organizations to outsource their HR services and functions end-to-end, achieving higher levels of performance in HR services while reducing their costs.

  • Adecco Group SA – The company offers human resources outsourcing that offers innovative solutions that allow employers to optimize their workforce and employees to take control of their careers.

  • Capgemini Service SAS – The company offers human resource outsourcing that provides payroll, time and attendance, talent, benefits and insurance, HR services, human resource outsourcing, PEO, integrations, and labor market. apps.

  • Genpact Ltd. – The company offers human resource outsourcing which includes human resource management solutions such as payroll outsourcing, administrative management and employee welfare, including an online personnel management system.

  • IBM- The company offers human resources outsourcing which enables HR professionals to be more strategic people managers by outsourcing some of the administrative and operational tasks.

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Human Resource Outsourcing Market: Segmentation Analysis

Services Outlook (Revenue, USD Billion, 2021-2026)

  • PO – size and forecast 2021-2026

  • BAO – size and forecast 2021-2026

  • MPHRO – size and forecast 2021-2026

  • RPO – size and forecast 2021-2026

  • LSO – size and forecast 2021-2026

Geographic Outlook (Revenue, USD Billion, 2021-2026)

  • North America – size and forecast 2021-2026

  • Europe – size and forecast 2021-2026

  • APAC – size and forecast 2021-2026

  • South America – size and forecast 2021-2026

  • the Middle East and Africa – size and forecast 2021-2026

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Scope of the Human Resource Outsourcing Market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Slowing down to a CAGR of 4.87%

Market Growth 2022-2026

$10.90 billion

Market structure

Fragmented

Annual growth (%)

5.37

Successful market contribution

North America at 56%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Accenture Plc, Adecco Group AG, Automatic Data Processing Inc., Capgemini Service SAS, Capita Plc, Ceridian HCM Holding Inc., CGI Inc., Fidelity Investments Inc., General Outsourcing Co Ltd., Genpact Ltd., HCL Technologies Ltd., Hexaware Technologies Ltd., HP Inc., Infosys Ltd., International Business Machines Corp., Manpower Group, MHR, Randstad Holding NV, Wipro Ltd., Zalaris ASA., Aon Plc and UKG Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Service

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

contacts

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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